The price forecast for Terra Luna Classic is still bullish above $0.000169, a support level that is also an upward trendline. The cryptocurrency market has recently been harsh to investors, with most cryptocurrencies finding it difficult to record profits. Terra Classic (LUNC), in contrast to the trend of other significant market-cap cryptocurrencies, saw a surge in price.
According to data from CoinMarketCap, LUNC’s price rose 2.5% during the Asian session. Its market capitalization as of the time of writing was $1.2 billion due to its current price of $0.0001902. Trading volume has, however, fallen precipitously by 51% to $298 million due to the persistent fear, uncertainty, and doubt (FUD) in the market.
This price change was highly intriguing because the price rose suddenly, maybe as a result of worse US CPI data. However, various upcoming improvements to LUNC might have been the driving force behind this gas.
Today’s Lunc Price
Luna Classic’s price today is $0.0001968 USD
| DATE | Luna Classic | USD |
|---|---|---|
| Today | 01 | 0.0001868 |
Terra Luna Classic Price Prediction
A bullish break over this level may drive the price of LUNC as high as $0.000276. On the technical aspect, LUNC is currently seeing immediate resistance around about $0.0002200. The 50-day moving average caps the upward movement of LUNC at $0.000279, which is still on the higher side.
A good breakout is quite likely because the RSI and MACD indicators both show an uptrend. Support will stay close to $0.000169 if LUNC is unable to overcome resistance. Additional selling may be permitted until $0.00012 is reached under increased selling pressure and a bearish breakdown.
The last option for investors is to search for a buy position above $0.000169 with a target price of $0.00022 or $0.00027.
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